According to the U.S. Bureau of Labor Statistics, prices for financial services were 37.37% higher in 2018 versus 2009 (a $186.83 difference in value).
Between 2009 and 2018: Financial services experienced an average inflation rate of 3.59% per year. This rate of change indicates significant inflation. In other words, financial services costing $500 in the year 2009 would cost $686.83 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.76% during this same period, inflation for financial services was higher.
In the year 2009: Pricing changed by -4.93%, which is significantly below the average yearly change for financial services during the 2009-2018 time period. Compared to inflation for all items in 2009 (-0.32%), inflation for financial services was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Financial services:
Below are calculations of equivalent buying power for Financial services, over time, for $500 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|